Information services company Experian, has announced a positive picture in its latest insolvency index. It shows the number of failing businesses has continued to fall in November and the overall financial strength for many has improved.

Confidence in trading and working with micro businesses and SMEs should be on the rise as Rolf Hickmann MD of PH, an Experian company says, "The number of micro businesses, those with one to two employees, is growing rapidly. They are enjoying amongst the lowest rates of insolvency and are relatively secure."

Compared to last years figures of 0.11 per cent the rate of insolvencies has fallen to 0.09 per cent. The latest statistics from Experian confirm a slow decline in insolvencies throughout the year.

The new data shows businesses in Greater London had the lowest financial strength scores yet achieved the second highest improvement in their financial health. Businesses in the South West continued to hold the best financial strength score during November 2009

Hickmann says, "The latest improvement in the financial health score is the fifth month in a row that the health of businesses has improved. Despite the prolonged recession, the UK's entrepreneurial spirit continues to thrive".